AI

The Commission’s action would create two new rules—one for B-Ds and a second for advisers—plus revise each regime’s respective books and records rules to mandate ...

"We live in an historic, transformational age with regard to predictive data analytics and the use of artificial intelligence"

"Requiring firms to subject certain types of technologies to a uniquely onerous review and conflict remediation process is not technology neutral"

"It is similarly important for the SEC to build in safeguards to protect investors from the potential for harm posed by firms using new technologies ...

"This proposal goes far beyond to encompass nearly everything. In this regard, consider that the proposed rules cover anything that is either analytical, technological, or ...

"The threshold question is whether our current rules are protective enough of retail investors, in light of technology-driven change in our capital markets. Judging from ...

This is the SEC's new proposed rule directing IAs to gauge the potential of conflicts created by use of AI-like technologies

The adviser has established a committee to survey how AI may be being used throughout the organization and to potentially develop guidelines. 'We’re working across ...

'The SEC also could benefit from staff making greater use of AI in their market surveillance, and disclosure reviews, exams, enforcement, and the like'

"Conflicts may arise to the extent that advisers or brokers are optimizing to place their interests ahead of their investors’ interests. That’s why I’ve asked ...